How Latin America Is Holding Back Its Own Growth
How Latin America Is Holding Back Its Own Growth
The region can be much more strategic and effective in its infrastructure investments.
If you’ve waited for that big file to download or had your goods take weeks to clear customs, you’ll understand how infrastructure holds back economic growth in Latin America and the Caribbean. The logistical costs in the region are double those of advanced countries in the OECD.
To compete in the global economy, the region desperately needs better roads, ports and energy grids. The urgency is even greater now. In the best of times, the economies of Latin America and the Caribbean struggle to grow. Our main forecasting scenario at the Inter-American Development Bank (IDB) estimates...
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